Looking Back - No Brakes

A Rear-View Look at GDPR: Compliance Has No Brakes

Hyperproof Summary: GDPR was a watershed moment and new privacy regulations will follow worldwide. Already in the U.S. there’s the California Consumer Privacy Act (CCPA)—which has a 1/1/2020 deadline—and similar policies pending in six other states. So get used to seeing, “we’ve updated our privacy policy” banners.

The impact? Cost. Not just in fines, but unexpected costs in sustaining compliance. GDPR budgets topped $10 million for 40% of respondents in a recent PricewaterhouseCoopers survey.

Bottom line: compliance is a Journey, not a destination. Start your compliance planning now and implement an agile solution to adapt to the changing environment and mitigate costs.

 

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